With a population approaching 50,000, Georgetown is one of the largest cities that intends to go 100% renewable, as a way of saving on electricity costs, hedging against fossil fuel prices and reducing water usage. In its latest step towards this goal, its municipal utility Georgetown Utility Systems will purchase electricity, under a 25 year PPA from a 150 MW array to be constructed by SunEdison and likely owned by TerraForm on completion.
"Georgetown is an exceptional city, and by going 100% renewable they will cut down on pollution, save water, and enjoy stable energy prices, said SunEdison executive vice president Paul Gaynor. Georgetown is a model for other cities that hope to become powered by clean renewable energy."
Georgetown city manager Jim Briggs says that the city chose to go down the 100% renewables route entirely of its own accord and will become, one of the largest municipal utilities in the nation to be 100% renewable powered.
SunEdison reports the solar PPA is the largest of its kind the company has signed in Texas. The company will provide project financing and construct the project. SunEdison Services will carry out O&M.